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1. (v.t.) reinsure
to insure again.
2. reinsure
to insure under a contract by which a first insurer is relieved of all or part of the risk, which devolves upon another insurer.
Etymology: (1745–55)
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| Definition of 'reinsure' |
Princeton's WordNet |
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1. (verb) reinsure
provide additional insurance for
2. (verb) reinsure
insure again by transferring to another insurance company all or a part of a liability assumed
3. (verb) reinsure
insure again by assuming all or a part of the liability of an insurance company already covering a risk
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| Definition of 'reinsure' |
Webster Dictionary |
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1. (verb) reinsure
to insure again after a former insuranse has ceased; to renew insurance on
2. (verb) reinsure
to insure, as life or property, in favor of one who has taken an insurance risk upon it
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